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All Forum Posts by: Martha Nowlan

Martha Nowlan has started 3 posts and replied 140 times.

Post: Plattsburgh NY worth it??

Martha NowlanPosted
  • Real Estate Agent
  • Waterbury, VT
  • Posts 151
  • Votes 65

Alright this isn't about Plattsburgh, but have you looked in Barre, VT? Caps are pretty good there. Let me know if you want help looking around.

Post: New Member to Bigger Pockets with Interest in Rental Properties!

Martha NowlanPosted
  • Real Estate Agent
  • Waterbury, VT
  • Posts 151
  • Votes 65

Welcome Andy!

Post: How do I complete the deal.....

Martha NowlanPosted
  • Real Estate Agent
  • Waterbury, VT
  • Posts 151
  • Votes 65

The wealthy developers I know will often ask for owner financing just because it's easier than tying up more cash.

Cash is king and just because you have it doesn't mean you want to have it tied up. You should absolutely use a lawyer. It would be silly not to! Good luck!

Post: Real Estate CPA in Vermont

Martha NowlanPosted
  • Real Estate Agent
  • Waterbury, VT
  • Posts 151
  • Votes 65

Hey Eva. Congrats!! I don't know him myself, but Matthew F. Johnson is someone who has done some presentations at our KW market center, so my assumption is that means he is knowledgeable about real estate! Felt worth mentioning.

Post: Buying a property in a flood zone and insurance

Martha NowlanPosted
  • Real Estate Agent
  • Waterbury, VT
  • Posts 151
  • Votes 65

Just make sure you shop around for flood insurance rates. They can vary greatly in terms of monthly costs and what's required to put down at closing.

Post: Newbie investor in upstate NY, and VT

Martha NowlanPosted
  • Real Estate Agent
  • Waterbury, VT
  • Posts 151
  • Votes 65
Love this Doug! What a great goal. Working towards a better future for your kids. Would love to connect and know more about what you’re looking to get into in terms of real estate and where you’re looking in Vermont.

Post: Part Time or Referral associate...good or bad ideas?

Martha NowlanPosted
  • Real Estate Agent
  • Waterbury, VT
  • Posts 151
  • Votes 65

Yeah you know, as I think about it more, that's not a terrible idea. If you lead gen like a pro, you'll do great in real estate full time.

Post: Part Time or Referral associate...good or bad ideas?

Martha NowlanPosted
  • Real Estate Agent
  • Waterbury, VT
  • Posts 151
  • Votes 65

Being a full time agent is definitely the best way to really get into it. But every has a different path. I'd look around more to find an agency that is willing to let you work part time, or ask to be a referral associate and work a certain number of deals yourself. Being a referral associate will make you money but it wont' actually give you any experience with transactions. So if your ultimate goal is to go full time, you really need to be able to start working some transactions. AND that said, when it comes down to it, lead gen is the number one thing you need to get good at, so if you can spend 10 hours/week lead generating and just send all of those leads as referrals, you'll actually be getting great experience in a sense. Maybe you could ask to be kept in the loop as those referrals continue to move through. 

I have another idea and will connect you with you through message to chat more.

Post: Referral fees from buyers/sellers in Florida

Martha NowlanPosted
  • Real Estate Agent
  • Waterbury, VT
  • Posts 151
  • Votes 65

Pretty sure it's illegal in Vermont and might be against the Realtor code of ethics. If you do it, it shouldn't be something official. It can be a kind thank you *wink* with a gift card in the mail. But not I WILL PAY YOU FOR LEADS. Something to reward the behavior when your friends do send you leads

Post: How to Find Comps if No Houses Sold in Last 5 Years

Martha NowlanPosted
  • Real Estate Agent
  • Waterbury, VT
  • Posts 151
  • Votes 65

Find a great real estate agent to help you out! Let me know if you need help finding someone.